The China foreign exchange trading center at sight against the dollar on Friday to follow the middle price charge and in-yuan reform to a record high, and scored 6.30 pass, at 6.2940 yuan in this year, has risen by 4.7%. The overseas market performance relatively smoothly, but the trend "outshine others", reveal the central bank active appreciation intentions.

Shanghai is a bank traders noted, forced by overseas pressure, the central bank to active appreciation. The dollar and euro trend is smooth, the yuan the middle price but high open about 150 basis points, purpose is very clear.

"The annual appreciation, so better account," he says.

The following is today against the dollar and the main offer the middle price:

The closing price highest among the lowest price, price, among the closing price

* * * * * 6.2940 6.2940 6.3136 6.3009 6.3157 6.3192

Note: * said to earn foreign exchange to record highs, closed at the previous high for the December 29, 6.3192 yuan.

After the financial crisis in 2008 against the dollar in 2009 basic steady; As the central bank announced in June 2010 to restart yuan reform, the yuan to pick up its, that year or 3.6%.

Wide hair negotiable bank's latest report that the decline in the value of the yuan is expected and the supply of dollars not sustained long-term, in the second quarter of next year on the yuan appreciation still have space, is expected to year 2012 RMB appreciation in between 0-3%.

A Beijing traders noted state-owned Banks, HSBC China December manufacturing purchasing managers' index (PMI) continue to fall in the RongKu offline party, in line with market expectations, the impact is not big. In 2012, the trend of rising against the dollar did not change, just unilateral rapidly appreciating situation will be slowed in. After all, compared with other countries, China's economic growth material still will be good.

Shanghai is a foreign traders also gives similar views, he expects the next year, the appreciation against the dollar in about 2.5%.

The HSBC China manufacturing PMI December terminal value back up to 48.7, but lower than the initial value of 49.0, and still is located in 50 below atrophy interval. In China should be weak internal and external influence, the market is expected to macro policy will further stability is loose. The Treasury earlier this week issued a long-delayed exchange rate report, which is not set the exchange rate of the yuan in "manipulation" list. Benefit from the central bank in China is not as market volatility and firmly will remain high in the middle price, not only shows China's top recognized the RMB exchange rate steady appreciation for China's economic transformation of the strategic development, also make China does not through any ZuiZhang will win the financial diplomatic victory.

Tokyo markets, the euro is expected to be weak in tone is like a roller coaster ride to end this year movements, the euro currency in the overseas market had the key support, it is not good omen for the year to next year, the market is still expected to Europe debt crisis led.

The following is a Beijing time 17:05, offshore market RMB price:

On this day,

NDF one-year RMB $6.4000/6.3800/40

Port offshore market against the dollar at 6.3500 6.3410/00

The domestic market of the us dollar to RMB off the latest deal for premium 480 points, equivalent to the market a year after that against the dollar to 6.3420 yuan.

China's central bank 19 June 2010 announced the restart yuan reform, strengthen the RMB exchange rate flexibility, and continue to already announced in accordance with the foreign exchange market the range of floating exchange rate, the RMB exchange rate for dynamic management and regulation. But has said that the RMB exchange rate fluctuations and do not exist change the base.

Source "the Chinese textile nets"

Edit: lara